As a newbie in the crypto environment, with a keen interest in making a profitable investment in crypto, where would you best advice me to invest in 2022. Will an investment in bitcoin now still be profitable to me or investing in other coins is what you best advice? I understand that people are sometimes reserved as per not wanting to give financial advice to avoid being blamed if it goes wrong, but I will try to go through all the responses I can get and highlight the answers that are repeated for consideration.
First, almost everyone today still believes in Bitcoin, the correction phase that occurs in the market only provides choices to investments, meaning that for those who invest in high prices, currently suffered a considerable loss and ultimately waiting for recovery is a way best to avoid losses.
Secondly, you need to convert investment in other coins, but those who have strength and can grow in normal market conditions, this is the way we do at any time, so that under certain conditions, we have the choice to achieve an investment we want
In a bear market situation like now, Bitcoin is indeed a top priority as our main choice for investment. Because Bitcoin is the safest of
all coins, so let's not miss the opportunity to collect Bitcoin when the price is now quite low. Although there is a risk that the price of Bitcoin
will still fall even lower, but we don't need to worry, because Bitcoin can always recover no matter how deep the price goes down.
But it would be better if we don't just invest in Bitcoin, we have to get used to investing in some coins, that will help maximize the profit
we generate. Moreover, some altcoins usually provide very large profits, if we can choose the right altcoins. Therefore, it is very important
that we never stop doing research and analysis, so that we find the right altcoins for investment. But don't forget our capital should be
around 70% used for investing in Bitcoin, because we use too much of our capital to buy altcoins, it would be very risky.